Quarterly Results
Jai Corp Limited
STATEMENT OF UNAUDITED RESULTS
FOR THE QUARTER ENDED 30TH JUNE, 2013
 
(Rs. In Lacs, except per share data)
PART I

  Particulars Quarter Ended Year Ended
  30.06.2013 31.03.2013 30.06.2012 31.03.2013
  Unaudited Unaudited Unaudited Audited
 
1 Income from Operations        
  a) Net Sales/Income from Operations (Net of Excise Duty) 14,983 16,171 16,474 63,266
  b) Other Operating Income 55 70 14 168
  Total income from operations (net) 15,038 16,241 16,488 63,434
2 Expenses        
  a) Cost of materials consumed 9,449 10,287 10,600 41,831
  b) Purchase of stock-in-trade 15 16 1 21
  c) Changes in inventories of finished goods,work-in-progress and stock-in-trade 471 629 63 (311)
  d) Employee benefits expenses 1,118 1,110 1,332 4,974
  e) Depreciation and amortisation expenses 455 447 432 1,802
  f) Other expenses 2,066 2,133 2,467 9,741
  Total expenses 13,574 14,622 14,895 58,058
3 Profit from operations before other income, finance costs and exceptional items (1-2) 1,464 1,619 1,593 5,376
4 Other income 1,370 1,218 1,749 5,546
5 Profit from ordinary activities before finance costs and exceptional items (3+4) 2,834 2,837 3,342 10,922
6 Finance costs 3 2 32 53
7 Profit from ordinary activities after finance costs but before exceptional items (5-6) 2,831 2,835 3,310 10,869
8 Exceptional Items - - - -
9 Profit from ordinary activities before tax (7-8) 2,831 2,835 3,310 10,869
10 Tax expense 858 1,005 943 3,380
11 Net Profit from ordinary activities after tax (9-10) 1,973 1,830 2,367 7,489
12 Extraordinary items - - - -
13 Net Profit for the period (11-12) 1,973 1,830 2,367 7,489
14 Paid-up Equity Share Capital face value of Re.1/- each 1,785 1,785 1,785 1,785
15 Reserve excluding Revaluation Reserves as per balance sheet - - - 205,158
16 Earning per Share (in Rs.) (Face value of Re.1/- each) (Basic & Diluted) (*Not annualised) 1.11* 1.03* 1.33* 4.20
 
See accompanying notes to the financial results
 
PART II
  Particulars QUARTER ENDED YEAR ENDED
  30.06.2013 31.03.2013 30.06.2012 31.03.2013
A PARTICULARS OF SHAREHOLDING        
  Public shareholding        
  Number of shares 48,211,610 48,211,610 48,211,610 48,211,610
  Percentage of shareholding 27.01% 27.01% 27.01% 27.01%
  Promoters and Promoter Group Shareholding        
  a) Pledged/Encumbered        
  Number of shares - - - -
  Percentage of shares (as a % of total shareholding of promoters and promoter group) - - - -
  Percentage of shares (as a % of total share capital of the company) - - - -
  b) Non-Encumbered        
  Number of shares 130,282,400 130,282,400 130,282,400 130,282,400
  Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100% 100%
  Percentage of shares (as a % of total share capital of the company) 72.99% 72.99% 72.99% 72.99%
  Particulars QUARTER ENDED      
    30.06.2013      
B INVESTOR COMPLAINTS        
  Pending at the beginning of the quarter 1      
  Received during the quarter 27      
  Disposed off during the quarter 28      
  Remaining unresolved at the end of the quarter 0      

Notes to the financial results:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on August 8, 2013 and approved the same for its release.

  2. The Financial Results are in accordance with the recognition and measurement principles laid down in Accounting Standard (AS) 25 "Interim Financial Reporting" as notified in the Companies (Accounting Standards) Rules, 2006.

  3. The Statutory Auditors of the Company have carried out a Limited Review of the above results in terms of Clause 41 of the Listing Agreement.

  4. The figures in respect of the results for preceeding quarter ended March 31, 2013 are the balancing figures between audited figures in respect of the full financial year ended March 31, 2013 and the published year to date figures upto the third quarter ended December 31, 2012. Previous Period / Year figures have been regrouped / rearranged wherever necessary.


Date :- 08th August, 2013
Place:- Mumbai
For and on Behalf of the Board

Gaurav Jain
Managing Director

 

Jai Corp Limited
UNAUDITED SEGMENTWISE REVENUE, RESULTS AND CAPITAL FOR THE
QUARTER ENDED 30TH JUNE, 2013
 
(Rs. in Lacs)

  DESCRIPTION Quarter Ended Year Ended
  30.06.2013 31.03.2013 30.06.2012 31.03.2013
  Unaudited Unaudited Unaudited Audited
 
1 SEGMENT REVENUE        
  Steel 750 492 853 3098
  Plastic Processing 12,714 13,576 14,518 53,287
  Spinning 2,618 3,288 2,294 11,440
  Total Segment Revenue 16,082 17,356 17,665 67,825
  Less: Inter Segment Revenue 10 22 11 68
  Less: Excise duty recovered 1,034 1,093 1,166 4,323
  Total Revenue 15,038 16,241 16,488 63,434
           
2 SEGMENT RESULTS        
  Steel 40 (162) 37 (88)
  Plastic Processing 1,461 1,542 1,980              5,609
  Spinning 383 384 125 1,022
  Total Segment Results 1,884 1,764 2,142 6,543
  Less: Finance Cost 3 2 32 53
  Add:- Other unallocable income net of 950 1,073 1,200 4,379
  unallocable expenditure        
  Total Profit before tax 2,831 2,835 3,310 10,869
           
3 CAPITAL EMPLOYED        
  Steel 2,058 1,827 1,263 1,827
  Plastic Processing 31,707 32,541 29,242 32,541
  Spinning 5,468 6,273 5,769 6,273
  Total Segment Capital Employed 39,233 40,641 36,274 40,641
  Add: Unallocable Corporate Assets less 169,766 166,385 187,101 166,385
  corporate Liabilities        
  Total Capital Employed 208,999 207,026 223,375 207,026

Notes to Segment Information:-

1. As per Accounting Standard (AS)-17 on "Segment Reporting", as notified in Companies (Accounting Standards) Rules, 2006, the Company has reported "Segment Information" , as described below:-

a. The Steel Segment includes production, processing and trading of CR Coils/Sheets, GP/GC Coils/Sheets and HR Coils / Plates.

b. The Plastic Processing Segment includes production of Woven Sacks/Fabric, Jumbo Bags, HDPE Twine, Master Batch, Staple Fibres and Geotextiles.

c. The Spinning Segment includes production of Spun Yarn.

d. Capital Employed on other Investments/Assets and Income from the same are considered under "Un-allocable".

e. Figures in respect of the previous periods/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.


Date :- 08th August, 2013
Place:- Mumbai
For and on Behalf of the Board

Gaurav Jain
Managing Director